jonno
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nil satis nisi optimum
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Post by jonno on Apr 2, 2014 10:59:36 GMT
Now works fine for me (firefox)  |
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Post by chris on Apr 2, 2014 11:25:59 GMT
Okay so what's changed today:
Auto-Invest
Probably the largest change in the way that people will use the site is the introduction of auto-invest. This let's you manually tell the system how much you wish to invest in a give loan and the system will then manage everything for you from that point on. It will place prebids, bids, and shadow bids on your behalf as funds and the state of the loan allows, and will buy and sell loan units on the aftermarket to try and hit your target investment level. If you want more control over the actions it will take then there are advanced options that you can enable on a per loan basis.
It's worth noting that auto-invest operates on a loan by loan basis so it is still down to you to review each loan and choose your investments. It is simply intended to make the process easier from that point on.
A final warning about auto-invest is that the system will be automatically triggered whenever money hits your account and will invest that money for you if you have any rules in place that enable it to do so. This can be from selling a loan unit, via GoCardless, or by bank transfer. So if you are trying to run down your account or are intending to manually invest the funds then you would need to disable any auto-invest rules that you have set up if they would invest your money for you.
Auto-invest follows all the same rules as the rest of the site, except with pre-bids where it can reduce the size of a pre-bid without losing queue position by having to delete and recreate the pre-bid. This is a feature we'll bring to the front end soon but for now it's the one hard advantage auto-invest has over manual bidding.
New Loan Page Layout
The screen layout has been changed to tidy up the presentation of the information. The graphs have gone as they were designed for reverse auctions which are not being used by the platform. The screen is now split in two with the left hand panel displaying all the information about the loan and the right hand panel being where you can take actions against the loan, such as placing a bid.
Security Details
The loan details screen and "Available for investment" lists now also show a list of all the security taken against the loan, with a new security tab giving details. You can click on the icons or hover your mouse pointer over them to see pop-up details. The LTV is also dynamically calculated from these details so you can see how we reach the figure.
Please note that the admin team need to work through the existing loans to put these details in.
Event Log
On the loan overview tab underneath the details of the loan but above the company information text there will appear a new event log where the admin team can post timestamped messages giving lenders updates or feedback on the loan.
Drawdown Steps
Also on the loan overview tab the admin team can input any steps that are needed to complete drawdown of the loan and then tick them off as completed as they happen. Once put to use by the admin team this should keep lenders abreast of progress.
There have also been several other major upgrades behind the scenes so it's been a pretty massive release for us. I'm popping out now for a couple of hours but will be back later this afternoon to answer any other questions, plus we have other staff monitoring the forum who will hopefully step in if there are any urgent points that need addressing.
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shimself
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Post by shimself on Apr 2, 2014 12:29:19 GMT
I'm being dim, but then so will others
I found auto-invest in MyAccount - but there it just tells me that I havent set any profiles up, but no clue as to how to do so
I can't see it under Investments
erm?
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oldgrumpy
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Post by oldgrumpy on Apr 2, 2014 12:37:14 GMT
Each individual auction has the tabs to deal with auto bid on its main page. You set the parameters there, then let the system do what is required for that auction..
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walktall7
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Post by walktall7 on Apr 2, 2014 12:44:13 GMT
Click on investments.
click on completed loan
click on a loan you wish to buy some units
Go to auto invest
put in the amount of units you want eg £100
click on advanced settings
unclick sell bid and prebid
click on Set new target
click on Continue and set this target
put some money in your account. If that loan becomes availiable you should be able to buy it
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walktall7
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Post by walktall7 on Apr 2, 2014 12:47:54 GMT
I you then go into my account
click on Auto invest
It then shows what your auto invest aims are
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mikeb
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Post by mikeb on Apr 2, 2014 14:21:20 GMT
Each individual auction has the tabs to deal with auto bid on its main page. You set the parameters there, then let the system do what is required for that auction.. "It's so intuitive, I did it before reading the instructions"  And, it seemed to work, so that's all good.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Apr 2, 2014 14:31:55 GMT
chris is there any possibility of adding a time-frame facility to the auto invest feature. It's a brilliant tool but lacks that one aspect whereby we can either leave the specific order indefinitely till loan expiry but, we might want to limit the order to 1 week, 1 month, 6 months, etc to give us even more control in relation to available funds or investment strategy. Thanks
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Post by chris on Apr 2, 2014 14:49:52 GMT
chris is there any possibility of adding a time-frame facility to the auto invest feature. It's a brilliant tool but lacks that one aspect whereby we can either leave the specific order indefinitely till loan expiry but, we might want to limit the order to 1 week, 1 month, 6 months, etc to give us even more control in relation to available funds or investment strategy. Thanks At the moment it's a dumb tool that takes an instruction and executes it to the best of its ability. The programability of the system where you can define an investment strategy is on its way for phase 2.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Apr 2, 2014 14:52:42 GMT
chris is there any possibility of adding a time-frame facility to the auto invest feature. It's a brilliant tool but lacks that one aspect whereby we can either leave the specific order indefinitely till loan expiry but, we might want to limit the order to 1 week, 1 month, 6 months, etc to give us even more control in relation to available funds or investment strategy. Thanks At the moment it's a dumb tool that takes an instruction and executes it to the best of its ability. The programability of the system where you can define an investment strategy is on its way for phase 2. , Thank you for the prompt reply
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Post by Ton ⓉⓞⓃ on Apr 2, 2014 14:53:09 GMT
Each individual auction has the tabs to deal with auto bid on its main page. You set the parameters there, then let the system do what is required for that auction.. "It's so intuitive, I did it before reading the instructions" And, it seemed to work, so that's all good. This is so much better than the only other auto invest system I've used which is at Zopa, their Auto-Invest is called TGLA and it just doesn't compare
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oldgrumpy
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Post by oldgrumpy on Apr 2, 2014 15:34:19 GMT
I think you change that (and everything else) by clicking "advanced", but not at the moment - the site server's crashed!  |
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Post by chris on Apr 2, 2014 16:23:22 GMT
I think you change that (and everything else) by clicking "advanced", but not at the moment - the site server's crashed! Yeah, Rackspace chose our big launch day to break our hosting 
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Post by Ton ⓉⓞⓃ on Apr 2, 2014 17:27:32 GMT
Previously long ago in the past I made the mistake of putting something on the AM by accident, fortunately I was able to buy it back from myself on the AM and in that way take it off sale only because I had the money in my A/C. If had made that same mistake again today how would I undo my sale. Obviously I would never make that silly mistake again... The reason I ask is as I can no longer see the names against the units for sale that I want to cancel on the AM anymore. Doh, I let the cat out of the bag!
IN EDIT. So this isn't an AI question.
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Post by chris on Apr 2, 2014 17:40:16 GMT
At the moment the only way to do it manually is to buy the loan unit back again. There is one other advantage that exists with auto-invest that I forgot to list earlier - if you adjust your target total investment to the extent that it would need to de-list loan units from the aftermarket then it will do so in preference to buying new ones. So you can use auto-invest to cancel the sale for you.
Adding the manual option is on our to do list.
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